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Daily Scan: US stocks have mixed Thursday; Jobs data due out Friday

By NexChange
Capital Markets

Updated throughout the day

September 3

Good evening,

U.S. stocks had a mixed day, starting slow gains in the morning before fading in the afternoon. The Dow closed up 0.1%, as did the S&P 500. The Nasdaq lost 0.4%. The Stoxx Europe 600 ended Thursday up 2.4%. Oil is sneaking its way back up before the holiday weekend, closing just short of $47/barrel. Wednesday afternoon, the Federal Reserve released the Beige Book, its survey of businesses. Bottomline: Things are looking good. Investors will be examining same-store sales today to measure just how robust the American consumer is. Of course, Friday brings the mother of all economic datapoints -- the monthly jobs report. Survey says: nonfarm payrolls in August will edge up to 223,000 from 215,000 in July. Stay tuned.

Here's what else you need to know:

The Reunion debris is definitely from missing flight MH370. French investigators have confirmed that the debris found on an island in July is without a doubt from Malaysia Airlines Flight 370. The French were the last group holding out on a certain confirmation of the debris. CNN

Kentucky clerk headed to jail. Kim Davis, the Kentucky clerk refusing to give out marriage licenses since same sex marriage was legalized, was found in contempt of court and jailed Thursday. Her office will start processing paperwork for same sex marriage licenses Friday. USAToday

Dewey & LeBoeuf defense rests. The lawyers for three former Dewey & LeBoeuf executives plans to formally rest Tuesday without calling a single witness. The lawyers will also renew a request to dismiss the case, which accuses the execs of defrauding lenders and creditors. New York Times

U.S. government extends healthcare nondiscrimination to transgender people. Health insurers and medical providers must treat all patients equally, regardless of sex. Earlier this year, a study found that 42% of female-to-male transgender adults reported verbal harassment, physical assault, or denial of equal treatment in a doctor's office or hospital. Reuters

Images of dead child put face to migrant problem. Photos of a 3-year-old Syrian Kurd boy who drowned near Turkey are tugging heart strings everywhere. The horrible images of the child show how desperate the migrant situation is, as thousands have perished this year alone. The boy's mother and 5-year-old brother also died, and his father is in the hospital. Wall Street Journal

Donald Trump will sign GOP loyalty pledge. A Trump associate says that the presidential candidate will sign the pledge to endorse the Republican nominee, preventing a third-party run. The move will help put Trump on Republican primary ballots more easily, and will undermine his opponent's attacks on the possibility of him running as an independent.

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